FY2023 M25+ Progress: Enhancing Digital Banking
Higher NOII from Gains on Derivatives, Foreign Exchange and Investment
& Trading Income
Non-Interest Income
RM billion
(3.7)%
+12.4%
1Q'23 vs 4Q'22 1Q'23 vs 1Q'22*
1.59
1.36
0.06
1.53
0.05
0.05
0.11
0.67
0.50
0.50
0.93
0.91
0.93
(0.12)
1Q FY2022*
4Q FY2022
(0.12)
1Q FY2023
Core Fees
■Treasury & Markets
Insurance
Others
% change
1Q'23 vs 4Q'22
1Q'23 vs 10'22*
Core fees
+1.6%
(0.5)%
Treasury & Markets
+33.3%
+35.4%
Insurance
Others
(>100.0)%
(22.4)%
(1.2)%
(5.7)%
•
•
Key Drivers
Treasury & markets income growth of 35.4% YoY mainly driven by:
o realised & unrealised derivative gains of RM0.32 billion compared to a loss of RM0.91
billion last year
o foreign exchange profit: Up >100% YoY to RM0.60 billion
o gains in investment and trading income of RM0.23 billion versus a loss of RM9 million in
the previous year
。 offsets by MTM loss on financial liabilities of >100% to -RM0.42 billion against a MTM gain
of RM1.47 billion in 1QFY2022
Core fees reduced by 0.5% YoY on lower brokerage income and fees on loans, advances and
financing
Meanwhile, Group Wealth Management net fee income was flat YoY at RM0.29 billion
versus RM0.28 billion in 1QFY2022
NOII reduced by 3.7% driven by weaker insurance income but mitigated by an increase in
treasury & markets income and core fees by 33.3% and 1.6% respectively
1QFY2023 Core fees
Commission
Service
charges and
fees
Underwriting
fees
Brokerage
income
RMO.34 billion
+3.6% YoY
(0.8)% QoQ
RMO.43 billion
+3.3% YoY
(1.4)% QoQ
RM0.03 billion
+>100% YoY
+89.8% QoQ
RM0.09 billion
(20.8)% YoY
+25.2% QoQ
Note: Non-interest income was previously referred to as net fee based income
*Restated 1QFY2022 comparative information as MFRS 17 has replaced MFRS 4 Insurance Contracts for annual periods on or after 1 January 2023
Fees on loans,
advances and
financing
RM0.04 billion
(40.1)% YoY
(15.2)% QoQ
10
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